Bosses prefer to insure photocopiers rather than staff - Scottish Widows


British bosses are more likely to protect their office equipment than their key staff, according to new research.

The result highlights a series of findings revealing that businesses are leaving themselves vulnerable to the death or incapacity of a key person. Scottish Widows' Business Protection report found that over three quarters (77%) of companies had a key employee whose loss would seriously impact the profitability or future survival of the business. But only 13% have protection in place to mitigate this risk. Perhaps more shockingly, despite such a low take up of business protection, 60% of firms admitted they would definitely not survive the loss of a key person. Another worrying f...

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